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New Zealand employee confidence falls in third quarter: survey

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New Zealand employee confidence fell to its lowest level in three years in the third quarter as people grew increasingly worried about the state of the labour market, a survey showed on Monday.

[WELLINGTON] New Zealand employee confidence fell to its lowest level in three years in the third quarter as people grew increasingly worried about the state of the labour market, a survey showed on Monday.

The Westpac-McDermott Miller employee confidence index fell to 99.3 in the September quarter from 102.8 in the previous quarter.

A reading above 100 indicates more optimists than pessimists.

A softening in economic growth, a falling New Zealand dollar, low wage growth and inflation were all seen weighing on sentiment.

Recent surveys have shown business and consumer confidence waning.

REUTERS

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